Stablecoins Are Beneficial to U.S. Economy, Tether's Custodian Says
[Apr 11 3:58 AM] Stablecoins boost demand for U.S. Treasury notes, Howard Lutnick, the CEO of Tether custodian Cantor Fitzgerald, said.
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Celo Adds Tether’s USDT as Gas Currency
[Apr 9 8:28 PM] Celo, a low-fee, usability-focused blockchain, has approved using Tether’s USDT, a dollar-pegged stablecoin, to pay transaction fees. The passed governance proposal stated this functionality would simplify the transaction experience for…
Financial Stability Study Calls for Consistent Regulatory Response to Stablecoins
[Apr 9 6:00 AM] Countries have varying definitions and categorizations for stablecoins that may pose a risk to financial stability, the report by the Financial Stability Institute said.
Stablecoins Are Seeing Adoption as a Cross-Border Settlement Mechanism: Bernstein
[Apr 9 5:19 AM] Solana is leading the field in blockchain payments, but the network has scalability issues, the report said.
Hong Kong’s ZA Bank to Offer Custody Accounts for Stablecoin Issuers
[Apr 8 11:25 PM] ZA Bank, a virtual bank in Hong Kong, will offer cash custody accounts for institutions that want to issue stablecoins. The organization is in talks with several parties seeking to issue their stablecoins, and this service would be available for…
Stablecoin Growth Is More Important Cue for Crypto Bull Market Than Bitcoin ETF Inflows: Analyst
[Apr 8 12:53 PM] Rapidly expanding stablecoin supply shows that "fiat money is being moved into crypto at an accelerated pace," 10x Research's Markus Thielen said.
What Does Ripple’s Stablecoin Mean for XRP?
[Apr 4 12:37 PM] XRP has plenty of internet fans but Ripple has struggled to win real enterprise customers. Will its new stablecoin fill the gap and overshadow its existing token?
Paypal Integrates PYUSD for International Transfers on Xoom
[Apr 4 10:38 AM] On Thursday, Paypal disclosed that users of Xoom now have the capability to utilize the company’s stablecoin PYUSD for conducting international cross-border transactions. Beginning on April 4, this feature was made accessible to users in the…
Ripple Plans to Launch USD-Pegged Stablecoin, Expanding Token to XRP and Ethereum Ecosystems
[Apr 4 8:33 AM] Blockchain solutions company Ripple has unveiled its strategy to launch a stablecoin pegged to the U.S. dollar, aiming to boost liquidity on the XRP Ledger. Ripple Set to Introduce U.S. Dollar-Linked Stablecoin, Aiming for Wider Crypto Adoption In…
Debt From Above: The Carbon Credit Coup
[Apr 4 6:35 AM] Sweeping across the shores of Latin America comes a scheme from some of the most predatory figures in the venture capital ecosystem of the United States. It is a brazen attempt to assert foreign influence across Latin America and threatens to…
Stablecoin Expansion Continues as Bitcoin Rally Appears to Stall
[Apr 3 2:45 AM] The unabated expansion of stablecoin supply shows capital continues to flow into the crypto market, one observer noted.
Tether Added Nearly 8.9K Bitcoin to Holdings in First Quarter: On-Chain Data
[Apr 1 9:22 AM] The stablecoin issuer's BTC holdings now top 75,000 tokens worth about $5 billion.
Stablecoin Market Swells With Growth in March, Led by Ethena’s USDE
[Mar 31 8:09 AM] This month we have witnessed a continuous expansion in the stablecoin domain, eclipsing the $150 billion mark on March 20, 2024, with an infusion of an additional $1.4 billion into the arena since then. Leading the pack in supply growth for March…
Tether Formally Announces a Shift Towards Open-Source AI
[Mar 28 11:45 PM] Tether, one of the largest cryptocurrency-based companies, has announced a formal expansion into AI, looking to develop open-source models and setting standards in this new industry. For this task, Tether is opening a global recruitment for…
Celo Cements Its Stablecoin Allegiance: Transaction Fees Now Can Be Paid With Stablecoins
[Mar 28 7:34 PM] Celo, a low-fee, usability-focused blockchain network, has approved a proposal to allow transaction fees to be paid with stablecoins. Network users can now transact only by holding USDC in their wallets, abstracting the complexity of holding other…
The Benefits of Assets Tokenization
[Mar 27 10:05 AM] We need to start thinking of blockchains as infrastructure for financial innovation rather than concentrating on the prices of a few digital assets, like bitcoin and ether, says WisdomTree’s digital of digital assets, Benjamin Dean.
Latam Insights: Chile to Keep Advancing CBDC Tests, Argentina Debuts VASP Registry
Turkish Citizens Seek Refuge in Gold and Stablecoins Amid Surging 67% Inflation Rate
[Mar 24 2:00 PM] According to February 2024’s latest inflation data, Turkey faces an inflation rate exceeding 67%, amid ongoing currency devaluation and a declining lira against the U.S. dollar. Recent findings suggest that in an effort to safeguard their…
TUSD’s Supply Halves as It Drops to 8th Rank Among Stablecoins
[Mar 24 7:05 AM] Over the past week, the stablecoin trueusd (TUSD) experienced a notable decrease in its supply. As of March 19, 2024, the circulation was approximately 1.1 billion TUSD, which then plummeted to just 612 million. Supply Slash Sees TUSD Fall From Top…
Argentina’s Greenback Love Is Being Substituted by a Bitcoin Rush
[Mar 22 5:30 AM] The popular savings strategy of exchanging pesos for U.S. dollars in Argentina is being substituted by bitcoin investments, which have had better performance lately. Numbers from Lemon, a local cryptocurrency exchange, indicate bitcoin purchases…
Stablecoins Steal The Spotlight: $150 Billion Market Cap, $122 Billion Daily Trades
[Mar 22 3:20 AM] Stablecoins have recently achieved a significant milestone, surpassing $150 billion in market capitalization, with daily trading volume reaching $122 billion. This achievement marks a notable resurgence and growth in the stablecoin sector, with…
Stablecoin Market Surpasses $150B, a First in 18 Months, After $980M Growth in 5 Days
[Mar 20 9:00 AM] The stablecoin sector achieved a significant milestone on March 20, 2024, hitting the $150 billion mark as the dollar-anchored market continues its expansion. In the last five days, the stablecoin sphere expanded by $980 million, breaking past the…
Stablecoin Sector Expands by $4.95B in 12 Days, USDE Sees 376% Supply Increase, Tether Hits $103B
[Mar 15 10:00 AM] In the past 12 days, the stablecoin sector has experienced a growth of $4.95 billion, reaching a new 2024 high of $149.03 billion in market valuation. Among various dollar-tied tokens that have seen their supply numbers go up over the last 30 days…
Tether Assists US Government in Seizing $1.4 Million From Unhosted Wallet
[Mar 14 5:10 PM] Tether, the company behind the issuance of USDT, the largest stablecoin in the cryptocurrency market, announced that it helped the U.S. government to seize $1.4 million linked to an alleged fraud scheme. According to the Northern District of…
Despite Crypto Uptick, Paypal’s PYUSD Stays Quiet in the Top Ten Stablecoin Race
[Mar 11 2:40 PM] In the last day, the global trading volume has hit $203 billion, with stablecoins accounting for an impressive $133 billion of that total. Among the array of stablecoin assets tied to the U.S. dollar, Paypal’s PYUSD has emerged as a top ten…
Tether to Collaborate With Uzbekistan on Developing Crypto Infrastructure Projects
[Mar 8 3:30 PM] Tether, one of the largest stablecoin companies, announced a collaboration with the government of Uzbekistan to develop cryptocurrency and communication projects. The memorandum of understanding (MoU) signed between the parties encompasses issuing…
Ethena’s USDE Yield Hits 67%, Outpacing Most Stablecoin Returns
[Mar 8 9:05 AM] According to the most recent figures, Ethena’s USDE now boasts an APY of 67.2%, positioning it among the top annual percentage rates within the realm of stablecoin decentralized finance (defi). Furthermore, the supply of this stablecoin has…
FDUSD Climbs the Stablecoin Ladder, Fueled by Trading Volume and Supply Growth
[Mar 8 8:30 AM] Statistics indicate that the first digital usd (FDUSD), a recently introduced fiat-pegged token launched in August 2023, has risen to become the fourth-largest stablecoin based on market capitalization. Currently, FDUSD holds the fourth position in…
Hong Kong to Kickstart New Web3 and Digital Yuan Initiatives This Year
[Mar 5 3:00 AM] The city of Hong Kong has detailed the advancement of new Web3 and digital yuan initiatives as part of its 2024-2025 budget. In a speech, Hong Kong Financial Secretary Paul Chan stated that the city would expedite a Web3 sandbox for stablecoins and…
Stablecoin Sector Sees $3.26 Billion Growth Spurt; Tether Nears $100B Milestone, USDE Supply Swells by 374%
[Mar 3 3:30 PM] The stablecoin sector experienced a $3.26 billion expansion within the last eight days, climbing from $140.82 billion to $144.08 billion by Sunday, March 3, 2024. During February, increases in supply were observed in four of the top five…